Cash Control Specialist

UMass Memorial Health•Worcester, MA

2d•$20 - $31•Onsite

About The Position

At UMass Memorial Health, everyone is a caregiver – regardless of their title or responsibilities. Exceptional patient care, academic excellence and leading-edge research make UMass Memorial the premier health system of Central Massachusetts, and a place where we can help you build the career you deserve. We are more than 20,000 employees, working together as one health system in a relentless pursuit of healing for our patients, community and each other. And everyone, in their own unique way, plays an important part, every day. Responsible for cash reconciliation and communication with Finance department.

Requirements

High School Diploma
Three years of experience in a medical/cash-processing environment required.
Familiarity with cash reconciliation processes.
Strong numeric keystroke skills.
Knowledge of third party carrier remittances.
Computer skills to include PC applications.

Responsibilities

Verifies and sorts the daily lockbox deposits according to established policies and procedures.
Prepares lockbox deposit detail by payer. Reconciles lockbox cash deposited to lockbox cash posted on a daily basis.
Logs out all posted batches to ensure all deposits are posted to appropriate patient accounts.
Reviews Central Billing Office (CBO) agent deposits and ensures that checks are deposited into the correct account.
Reconciles tape remits to lockbox deposits. Determines manual posting amount required per check. Ensures that all posting is completed and updates prepared spreadsheet for filing.
Resolves checks returned from the bank. Removes postings from accounts and sends appropriate notice to patients.
Reconciles co-payments to agent deposit logs, posting batches and bank deposits. Posts all co-payments received by the Hospital Registration unit and reconciles to bank deposits.
Complies with established departmental policies, procedures and objectives.
Attends variety of meetings, conferences, seminars as required or directed.
Demonstrates use of Quality Improvement in daily operations.
Complies with all health and safety regulations and requirements.
Respects diverse views and approaches, demonstrates Standards of Respect, and contributes to creating and maintaining an environment of professionalism, tolerance, civility and acceptance toward all employees, patients and visitors.
Maintains, regular, reliable, and predictable attendance.
Performs other similar and related duties as required or directed.